Quarterly report pursuant to Section 13 or 15(d)

Amortizable intangible assets (Tables)

v2.4.0.8
Amortizable intangible assets (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Estimated future annual amortization expense related to the intangible assets is as follows:

2013
 
$
29,450

2014
 
94,640

2015
 
94,640

2016
 
94,640

2017
 
94,640

Thereafter
 
376,020

 
 
$
784,030

Schedule of Finite-Lived Intangible Assets [Table Text Block]
As of June 30, 2013 the Company has the following amounts related to intangible assets:

 
Gross Carrying Amount
 
Accumulated Amortization
Patent costs
$
355,961

 
$
29,192

Product certifications
290,660

 
69,399

Developed technology
240,000

 
4,000

 
$
886,621

 
$
102,591